The Insurance Development Forum (IDF) and the Bridgetown Initiative have formed a strategic partnership. Their goal is to embed insurance more deeply within the International Financial Architecture (IFA). This move aims to improve the resilience of emerging market and developing economies (EMDEs).
The announcement was made at the IDF 2025 Summit amid growing climate disasters. These disasters hit vulnerable countries hardest. In fact, the economic damage in these countries can be up to ten times greater than in wealthier nations.
Making Insurance Central to Climate Risk Management
The partnership seeks to make insurance a key tool in the global response to climate and disaster risks.
As their first step, the two groups will release a report during London Climate Action Week. This report will offer clear, actionable recommendations for governments, donors, multilateral development banks, and the private sector.
Moving From Planning to Action
The recommendations will be put into practice through coordinated political and technical efforts.
Supported by the Danish Ministry of Foreign Affairs and the Quadrature Climate Foundation, the initiative marks a shift from theory to action. It aims to use insurance to boost resilience and financial stability in the regions most vulnerable to climate change impacts.
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